Well-done, Peter. Impressive how well your TA nailed this downside acceleration. It's interesting that your SPX cycle targets line up with price projections based on other TA methods I've used.

Thanks, Peter. Honestly, without the confidence of your analysis and the targets, I wouldn't have been able to short the market, though my positions are very minimum in size. It takes no genius to play in an upward market, but bear markets are hard to trade both due to increased volatility and unpredictability. There are two other reliable sources I have seen consistent with the market direction, one of them is Mr. Prechter who had been very vocally advocating downside. I would encourage everyone to watch McClellan, who has predicted that interest rates are poised to rise, unemployment will start rising too and markets will likely hit a bottom in Oct.

thanks for the great update Peter. Seems to me the last 45 min of the day seemed to have a little bit of last week of Feb 2020 behavior that led to March of 2020 in ES. Once it went below 3940 it really moved. Well done Peter with the updates. Spot on!

Thanks Peter, Well Deserved Pat on The Back! The Bullish Trolls Can now lick their wounds. 😄 ~Dorothy

3826.2295 on the S&P, finally confirmed downside projections. Let's go!!

Wow what a morning got out of my hedge on that pop. We have hit all downside on the ES besides the 24. I actually think we are set up for a massive move down. I don't think many saw this contagion in the banking sector I am in SBNY which is down -25% but it was easier to see coming with it's ties to crypto. SIVB came out of nowhere.

Do we have a Black Monday on the way? A ton of people were still not positioned for a move down which I believe could lead us to it.

Edit: Welp same boring market with the invisible hand

Wow SBNY has went from a low of 61 to almost 89 almost a full $30 swing

Closed my SBNY short I think the FEDS come in with a bailout for everything by Monday to stop contagion

Last updated 1 year ago

Peter, It would be helpful this weekend to go over DJIA. We would have Projections on 3 indices to judge if should take profits before close given your updates are usually after the close. Thanks 🙏 In Advance. I wish you would contact TDAmeritrade to support your software. I don’t use TradeStation. Thanks ~ Dorothy

Market Psychology Has Shifted: Now Good News Is Bad and Bad News Is Bad

Where are the Bull trolls 😈??? Hmm 🤔. What a week :)! Peter nailed it again 🙌

I think Monday could be another down day, maybe even a big one, and then we have 2-4 days bounce. After that we get another down leg. ABCD pattern all over again…

Last updated 1 year ago

Peter is smiling 😊 VIX hit 28.97 closed at 24.80.